Telcoin is a blockchain-based, user-owned financial platform that aims to provide all mobile users with access to high-quality but affordable, user-owned financial products. Its primary focus is, however, on the remittance industry.

The platform's components include the TEL token, Telcoin App, TELx, and Rivendell - an Ethereum side chain validated by the Mobile Network Operators, a GSMA member.

## The TEL token

The TEL token is the native token of the platform, and it plays various functions in the [Telcoin](https://www.telco.in/) ecosystem. 
It is a protocol token that can also be used as a medium of exchange and a reserve asset. Its holders can use it to access different financial products supported by the platform.

It's an ERC-20 token with a max supply cap of 100,000,000,000 TEL coins. Currently, there are 61,728,700,558 coins in public circulation.

According to Coinmarketcap, as of writing, each coin goes for the price of $0.001824. The tokens are ranked the 252nd largest cryptocurrencies in the world by market cap.

The TEL tokens are available on several crypto exchanges, including KuCoin, Uniswap, Phemex, and Balancer. The tokens can, however, not be purchased directly with fiat currency. 

You'll first have to buy other crypto coins like [BTC](/coins/btc), or [ETH](/coins/eth), then go to an exchange that lists TEL tokens and use your ETH or BTC to purchase them.

## The app

The [Telcoin App](https://www.telco.in/about-the-telcoin-app) provides users with access to all of Telcoin's products. The app features a fast, affordable remittance portal and a digital wallet on the Polygon Network.

Users can use the app to send, receive, withdraw, and trade various supported digital assets at an affordable fee. Those who wish to send money to friends and family anywhere on the globe can do so through the app at a friendly fee of 2% or less. 

The app currently supports fiat remittance from Canada and the USA to 16 countries, including Bangladesh, Ethiopia, Salvador, Indonesia, Kenya, and Pakistan. It is available for download on Google Play and the App Store.

## TELx

[TELx](https://www.telx.network/) is the decentralized liquidity engine of the Telcoin platform. It's designed to power all services provided on the Telcom platform, including cross-border money transfer and digital asset exchange, without relying on intermediaries. 

The decentralized liquidity network is a new addition to the platform. It launched with two user-owned decentralized products, The SMS network and TELxchange.

The SMS (Send Money Smarter Network) is a user-owned global remittance network, while the TELxchange is a user-owned decentralized digital asset exchange. 

## Rivendell

[Rivendell](https://www.rivendell.network/) is still in development. The Network, an Ethereum side chain, is run, validated, and secured by Mobile Network Operators. Once in operation, it will provide fast, secure, credible neutral transaction settlement for the Telcoin ecosystem.

## Is Telcoin a good investment?

Launched in 2017, Telcoin has been around for a while. So far, the team behind the project has managed to meet all the deadlines set on the project's roadmap.

Since its launch, it has made several strategic partnerships with Telcom operators that have enabled it to solve three major issues facing many crypto projects trust, reach, and Know-Your-Customer (KYC) compliance. The project is here to stay.

Its native token (TEL) continues to perform averagely well in the crypto market. However, the token is not listed on most prominent cryptocurrency exchanges, their trading pairs are limited, and they can't be bought directly with fiat money, which inconveniences many investors.

## Bottom line

The Telcoin platform is an excellent addition to the crypto space considering its features and services. The current Telcoin price provides a good entry point into the crypto space for anyone who doesn't wish to spend or risk a lot in the highly volatile market.



The Telcoin platform and price explained

The Islamic Republic of Iran officially accepts crypto as payment for importing goods. The country’s Industry, Mines, and Trade Ministry have approved a legal framework for virtual currencies. Iran is facing international [sanctions](https://www.consilium.europa.eu/en/policies/sanctions/iran/), so it expects to bypass them using crypto. 

Earlier in August, Iran also made its [first import](https://www.reuters.com/business/finance/iran-makes-first-import-order-using-cryptocurrency-tasnim-2022-08-09/) via cryptocurrencies. The order was worth $10 million, which allowed it to avoid global restrictions. 

## Trade Minister on the legislation

A local news agency [reported](https://www.rferl.org/a/iran-cryptocurrency-regulations-skirting-sanctions/32009292.html#0_8_10089_9356_3158_243148716) that Reza Fatemi Amin, the Trade Minister, has approved the legislation to regulate digital currencies. He briefed that this legislation will deal with all the issues like trade, licensing, and mining.

Amin shared his thoughts on the legislation and said it “specifies all issues related to cryptocurrencies, including how to provide fuel and energy for mining them, and how to grant licences.”

## Accepting crypto as a payment method to evade sanctions

Iran is facing financial sanctions globally for enriching Uranium for its nuclear program. The United Nations, as well as the EU, have imposed several restrictions on the country. Moreover, as the government has estranged relations with the United States, it cannot freely participate in the global dollar-dominated market. 

These restrictions have severely affected Iran’s economy over the years. That’s why the Islamic Republic is seeking to circumvent these restrictions through the use of digital assets. It will allow the country to import or export any goods worldwide. With this, it has become one of the largest economies for formally accepting crypto as a payment method. 

However, Iran is not the only one to approve digital assets for evading financial restrictions. Earlier, Russia also started using the same strategy to [bypass sanctions](/news/article/crypto-russia) and avoid international limitations for trading.

Countries bypassing sanctions by accepting crypto as payment may produce new regulations to monitor businesses accepting crypto for exports shortly.

Iran accepting crypto as payment for imports

What is Infinity Token? It is a new cryptocurrency that seeks to revolutionize the world of digital payments. It offers several advantages over traditional payment methods, including faster transaction times and lower fees. But perhaps the most impressive thing about it is its unique proof-of-stake algorithm.

This algorithm allows users to earn rewards for holding Infinity Mining Tokens (IMT), which helps to secure the network and keeps inflation under control. In this blog post, we will explore the features and discuss why it may be the future of digital payments!

## Infinity Token: the future of mining  

[The Infinity Mining Token](https://www.infinityminingtoken.io/) is an ERC-20 token based on the idea of distributing hash power and Bitcoin rewards among miners through a network of shared mining hardware. The option to trade IMT for IHASH or simply speculate on the price will be available to stakers.
Mining a block requires your computer to organize recently completed transactions into chronological order in a distributed public ledger. The computer then generates a 256-bit hash value from the block. The block has been mined and broadcast if the value starts with a sufficient number of zeros. The greater the processing power, the greater the likelihood of receiving rewards.

The miner's responsibility is to set up and operate their [mining hardware and software](/news/article/sustainable-mining). Mining cryptocurrencies like Bitcoin requires a setup that allows for minimal overhead while maximizing hash-rate production. With the launch of Infinity Mining Token on August 6, 2021 (previously titled Infinity Token), the team set out to achieve complete decentralization in the mining process.

IMT developers worked closely with the Fair Token Project (FTP) during its initial stages. Token holders were eligible to receive 5% of the ecosystem rewards from the IMT and IHASH tokens, thanks to FTP. The total number of Infinity Mining Token holders is slightly over 800, and its market cap is $2.5 million.

The group is moving away from hosting bitcoin miners at a shared facility. The Infinity Mining community has successfully crowdfunded the purchase of 40 Application-Specific Integrated Circuit (ASIC) mining rigs using revenue generated from trading.

The IMT crew has also located a vendor who sells S19 PRO 100 models at a 20% discount from the original price. The group is getting ready to switch to a new growth model based on a new treasury system and an increased number of miners as we look to expand into new areas.
A representative staking platform will be a part of the Infinity Mining protocol. By exchanging IMT for IHASH, IMT owners can participate in staking and earn Bitcoin passively. Users can opt to stake a larger share of the hash rate for a more extended period.
A user's staked Bitcoin in the vault will grow by a small amount daily. IMT will be stored safely in a cold storage vault while you convert it to IHASH. There will be a 72-hour grace period during which the user can either keep their stake in place or remove it. Any unspent IMT tokens will remain in the cold storage facility indefinitely.

Like other Defi protocols and exchanges, the IMT staking platform will charge its users a fee. If users decide to un-stake their tokens before the end of the specified staking period, they will lose a certain percentage of their tokens yield.

The IMT speculates the price of ASIC mining hardware, and Infinity Token community members will guide on matters such as selecting a secure cryptocurrency wallet.



Infinity Hashpower Token: the future of Crypto?

The co-founder of Ethereum, Vitalik Buterin, claims that [layer 2 rollups will soon cause transaction prices to drop](https://cointelegraph.com/news/vitalik-crypto-payments-will-make-sense-as-tx-costs-fall-to-mere-cents-kbw-2022) to fractions of a cent, making cryptocurrency payments "make sense" once more.

The Cointelegraph team reported on Buterin at Korea Blockchain Week (KBW) saying that blockchain data compression is the last obstacle to scaling down transactions to fractions of a cent.

KBW, Asia's largest blockchain event, started yesterday and runs until August 14 at the Grand Intercontinental, Seoul.
 
He said an example of the "solid work happening" is Optimism's layer 2 scaling solution for Ethereum. It has demonstrated results lowering the amount and cost of data in blockchain transactions by introducing zero-byte compression.

Buterin added that, although serving mainly as a speculative store of value, the primary use of [Bitcoin (BTC)](/coins) described in its white paper from 2008 was to offer a "peer-to-peer electronic cash system" that was less expensive than conventional payment methods.

He said that although this remained true until 2013, it was no longer the case by 2018 as usage grew and blockchain transactions became prohibitively costly.

According to the co-founder of Ethereum, scaling solutions, like the Lightning network in the case of BTC, will eventually lower the prices to fractions of a cent, allowing BTC and other currencies to serve this use case once again.

## Use Cases for Cryptocurrency Transactions

Buterin gave examples of where inexpensive crypto transactions will be beneficial.

He pointed to "lower income nations or regions where the present financial system is not very successful", saying it would provide residents with access to crucial payment structures via the internet, which is already being used despite the expense of international remittances.

In the context of Ethereum, he noted that inexpensive crypto transactions would aid in developing Web3 account management systems, non-financial applications such as domain name system (DNS) servers, and humanity proof of attendance protocols.



Crypto Payments to "Make Sense" with Layer 2 Growth 

Gucci, an Italian luxury brand, announced on Monday that it would [accept apecoin as a payment method](https://cointelegraph.com/news/gucci-becomes-first-major-brand-to-accept-apecoin-payments). The payment mode is currently only accessible in the United States because not many countries allow crypto to be accepted as a payment method. The brand is partnering  with Bitpay to make the payment option available. Bitpay is a cryptocurrency payment processing firm that has worked with numerous well-known companies to make cryptocurrency payments possible.

It is, however, Gucci's 12th cryptocurrency that they accept as payment. In May, the company announced plans to accept 12 crypto assets as payment options in 111 stores across North America. Bitcoin, Ethereum, Dogecoin, SHIB, Litcoin, Wrapped BTC, USDT, USDC, and many more were on the list.

Gucci has emerged as one of the few large companies to engage with cryptocurrency aggressively. In February, the Italian brand launched the "SUPERGUCCI" NFT collection in collaboration with the vinyl toy brand SUPERPLASTIC. The following month, it released the "Gucci Grail" NFT collection, targeted at owners of top NFT projects like the [BAYC](/news/article/bored-ape-nft). The brand is profiting from the current excitement in the cryptocurrency and NFT markets.

## Apecoin community reactions

ApeCoin's official Twitter page responded by stating that they are thrilled that Gucci will be the first large company to accept the cryptocoin for in-store transactions. Everyone is excited about this move because it is a community-driven initiative. As a result, it's not surprising that Twitter is flooded with tweets concerning Gucci's moves. Users have been seeing that more corporations are adopting the Web3 environment, and it appears that Gucci is ready as well.

Apecoin (APE) has experienced a rise in its general acceptance as a payment method. As the market has gained traction and the cryptocoin has witnessed some favourable developments, it has increased by about 50% in the previous month. It is currently trading at $7.32. However, the coin is still nearly 75% down from its ATH.



Gucci now accepts ApeCoin as payment

Israeli authorities implemented further restrictions on cash payments to combat illegal activity and promote the use of [digital payment methods](/news/article/mastercard-crypto-asia).

Due to the Law for the Reduction in the Use of Cash, which came into effect in January 2019, businesses and consumers in Israel are no longer allowed to make payments in cash.

People and businesses are encouraged to use digital payments, making it easier for the government to track illegal activity, tax evasion, and money laundering in the country's black market and elsewhere.

According to the Israeli Central Bank, 6,000 New Israeli Shekels (NIS) for business transactions and 15,000 New Israeli Shekels (NIS) for personal transactions will be the [new limit for cash payments](https://cointelegraph.com/news/israel-puts-the-brakes-on-cash-to-spur-digital-payments) effective August 1, 2022. Additional restrictions, such as a ban on storing more than NIS 200,000 shekels ($58,660) in cash in private residences, are expected shortly.

According to Tamar Bracha, the Israel Tax Authority's (ITA's) head of law enforcement, limiting the availability of cash will make criminal activity more difficult. As a result, "the goal is to reduce market cash fluidity, particularly because criminal organizations tend to rely on cash."

Some have interpreted it as a positive sign of the country's new limits on hard-cash transactions. According to Lark Davis, a crypto influencer with over a million followers on Twitter, Israel is neither the first nor the last country to impose such restrictions. According to the founder of Lyn Alden Investment Strategy, the trend "will probably continue to other countries in the future."

## Cryptocurrency regulation and CBDCs

Central bank digital currencies (CDBCs) are also being explored in the region, with the country first considering a CBDC at the end of 2017. After conducting a public consultation in May, the Bank of Israel released the results of the responses, which indicated strong support for further research into CBDCs and how they would affect the payments market, financial and monetary stability, and legal and technological issues.

In June, the Bank of Israel revealed that it had conducted its first technological experiment with a CBDC, examining user privacy and the use of smart contracts in payments. In addition, a framework for regulating digital assets is being developed in the country.

According to Oz Finance's Jonathan Shek at this year's Israel Crypto Conference in May, Israel's financial regulators have prepared a comprehensive and holistic regulatory framework for digital assets.

Shek hinted that it would happen soon, but he didn't give a specific date, saying that the Israeli government wanted to encourage the development of the crypto industry in their country if it was done responsibly.


Israel halts cash to encourage digital payments

COTI crypto is the first enterprise-grade fintech platform that enables companies to develop their own payment solution with digitized currencies.

[COTI](/news/article/coti-crypto) (currency of the Internet) is a Layer-1 platform based on the so-called Proof-of-Trust (PoT), the consensus that integrates a directed acyclic graph (DAG) data structure with the demands linked with traditional finance (TradFi). A DAG is a data structure that enables more efficient and scalable transactions.

## What is Coti Crypto?

Basically, COTI crypto is the native token of the COTI ecosystem, with a total supply of two billion. It doesn't require PoW mining to secure the network and operates on three different mainnets: Trustchain, Ethereum, and BNB Chain.

The platform said it is focused on building "the next generation"  of digital and financial products encompassing aspects of the new digital economy.

To tackle scalability issues that most blockchains have, COTI incorporates Trustchain, a DAG-based data structure, and Proof of Work (PoW) to develop the Proof of Trust consensus mechanism.

The name of COTI DAG is "the Cluster," a distributed ledger that records transactions on the network.

But COTI DAG doesn't aggregate all transactions into blocks. Instead, transactions are lined one after the other. For a new transaction to be confirmed, the validating nodes must link it to two prior transactions.
The decision on the type of transactions that should be linked depends on their Trust Score.

According to the official explanation, “in the PoT system, validators are selected based on their trustworthiness".

That means each user and node in the Cluster is rated on their Trust Score. This is calculated based on historical behaviour, including payment statistics. The higher the Trust Score, the quicker their transactions can be processed and the lower the fees".
 
After the user transacts on COTI, the Source Selection Algorithm non-selectively designates two validating nodes with similar Trust Scores. Because of that, transactions from trusted users are usually confirmed much faster. Scalability is ensured because transactions with different Trust Scores are parallelly processed and are, therefore, more secure.

However, one must understand that when talking about the Proof of Work, in COTI, it isn’t implemented in the way we’re used to. It doesn’t depend on mining to earn trust. PoW here exists only to protect COTI from spamming attempts and encourage network users.

Finishing PoW tasks enables validators to connect the transactions to the Cluster, but it doesn't promise that this will actually happen. It depends on their Trust Scores. These are also used for setting the PoW levels that can impact transaction fee levels. With no mining required, COTI can operate with very low transaction fees.

## COTI Crypto MultiDAG layer

One can compare the COTI MultiDAG ecosystem to that of Ethereum. Few independent DAGs exist on the network, all with individual goals. They each preserve completely customized tokens and apps, but run simultaneously on the same infrastructure to increase efficiency.

The COTI MultiDAG 2.0 will allow companies, entrepreneurs, and developers to issue tokens with Trustchain-like performance, such as scalability, high throughput, low cost, etc.

Users can also construct their own stablecoins supported by cryptocurrencies, fiat money, or even exist as non-collateralized stablecoins with the MultiDAG.

One of the examples is Cardano's stablecoin Djed, of which COTI is an official issuer.

Recently, the [CEO of COTI](https://www.coti.io/team) crypto, Shahaf Bar-Geffen gave a fantastic insight into what COTI crypto represents and explained how he sees things surrounding blockchain technology in particular.

Bar-Geffen said he knows blockchain technology has expanded from a "niche and highly specialized subset of information technology" to become one of the modern era's most popular and in-demand solutions."

And COTI represents exactly that - driven partially by Web3-empowered assets such as cryptos and NFTs, COTI became a worthy actor within numerous sectors, like supply chain management. This has been a true sign of its positive utility.

Bar-Geffen said that blockchain has proven to be a secure, transparent, scalable, and trustworthy form of storing and transmitting data among a limited or unlimited number of users. They added that it is unsurprising that blockchain infrastructure spending will increase to about $20 billion by 2024.


What is Coti Crypto?

If you have Googled 'crypto friendly banks UK', you'll know that they are few and far between.

The majority of UK banks have so far not responded to customer demands to be able to pay for cryptocurrencies from their accounts or receive funds from crypto exchanges into their accounts.

If you've tried to get a crypto-related payment reported in your account, you'll understand why you need a crypto-friendly bank.

That need has prompted a surge in largely fruitless searches for 'crypto friendly banks UK'.

Here, we'll try to help answer that query.

## Crypto Friendly Banks UK

Financial institutions that accept cryptocurrencies as payment are known as crypto-friendly banks. In other words, these institutions allow cryptocurrency trading and support digital currencies for fiat currency transactions.

In the United Kingdom, it is legal to own and trade cryptocurrencies. Even though there is no tangible asset to hold, they are now classified as property assets rather than currency.

Any crypto exchanges in the UK must register with the Financial Conduct Authority, which regulates the industry to prevent money laundering. According to the FCA, any trading platform must demonstrate its compliance with anti-money laundering rules.

Binance, a cryptocurrency trading platform, was barred from participating in any regulated trading in the UK in 2021 for failing to demonstrate that it respected those standards. This demonstrated that the FCA isn't hesitant to take action against cryptocurrency trading platforms.

## 5 Crypto Friendly Banks UK

Here are five banks operating in the UK which are considered crypto-friendly:

•	[Revolut](https://www.revolut.com/): Revolut is an app-based challenger bank that is crypto-friendly in the United Kingdom. Customers can not only trade stocks and shares through their accounts, but Revolut is also a firm believer in cryptocurrency. In the past, crypto exchanges (like Binance) have temporarily blocked GBP deposits and withdrawals. Alternative fiat currencies, such as US Dollars or Euros, can be used with Revolut.
•	[RalisBank](https://www.railsr.com/?lang=de): Railsbank was founded in 2016 by fintech veterans Nigel Verdon and Clive Mitchell. It has offered digital banking services since its inception, breaking new ground and pushing the envelope. RalisBank is setting the standard for making financial products and services digital and embeddable, allowing customers to have deeper and richer interactions with the brands they love.
•	TSB: TSB is known to accept credit and debit card purchases of cryptocurrency. Withdrawing or depositing to bitcoin exchanges has never been a problem. However, banks often flag large transfers, and you may need to split transfer amounts or contact TSB in such circumstances.
•	Royal Bank of Scotland (RBS): The UK Government-owned RBS has taken a favorable stance on Bitcoin transactions in recent years. In addition, the bank allows you to buy and trade cryptocurrencies. RBS will limit payments to Bitcoin exchanges that pose the most significant risk of financial loss.
•	Solaris Bank: Solaris is a well-organised bank that provides cryptocurrency transactions and custody of cryptocurrency. It established a regulated cryptocurrency custody service in early 2021, based on a brokerage and trading application programming interface.

## Which Banks Aren't Crypto-Friendly?

Lloyds: Since 2018, the Banking Group (which includes Lloyds Bank, Halifax, Bank of Scotland, and MBNA) has prohibited any credit card payments to cryptocurrency exchanges. Regarding debit card payments, it's more hit-or-miss. Sometimes the transaction goes through smoothly, and other times it's reported as fraud. If you plan to trade regularly, you should probably avoid it.

Starling: Although its international currency provider does not support cryptocurrency exchange payments, and there may be other reasons why payments are denied, there is no formal policy prohibiting them. Customers have already reported frozen accounts, so this is another one to avoid.

HSBC: It previously claimed to be crypto-friendly, but does not allow deposits, and payments made using debit and credit cards are sometimes denied. It's not completely unfriendly, but there's a higher risk of your payments failing or being identified as fraudulent, so another bank might be a better option.

## Conclusion

The number of people holding cryptocurrency constantly expands worldwide, including in the United Kingdom. The number of businesses accepting Bitcoin as payment is also increasing. Despite the severe dangers and restrictions associated with cryptocurrency transactions, several banks in the United Kingdom allow users to do so simply.

Hopefully, this article means you won't have to search Google for 'crypto friendly banks UK' this year!


Crypto-Friendly Banks UK 2022

Mastercard and [Bakkt](/news/tag/bakkt) have [announced](https://www.businesswire.com/news/home/20211025005487/en/Mastercard-and-Bakkt-Partner-to-Offer-Innovative-Crypto-and-Loyalty-Solutions) that they are joining forces to enable crypto card payments. The aim is to make it easier for banks and financial firms to offer and accept crypto payments.

The partnership will roll out in the next few months. The project aims to pave the way for firms that want to offer crypto by letting them use [Mastercard’s network](/news/article/mastercard-crypto-asia) of banks and other financial institutions.

## Mastercard Look to Make Crypto Easier

"To spend cryptocurrency globally today, you need a very complex ecosystem," said Kelly Loefller, CEO at Bakkt, and chief market and corporate development officer at Mastercard.

"We will continue to work with merchants and consumers to make it easy for them to use cryptocurrency."

"Cryptocurrency is going to play a foundational role in the future of our new payment system. We feel that by joining forces, we'll be able to deliver more value".

## Some Reluctant to Trade Crypto

The new system is also designed to appeal to institutional investors who are still reluctant to trade crypto because of volatility and complexities.

"Every asset class can benefit from a more efficient and speedier processing cycle," Loefller said.

"That's what we're trying to accomplish here." 

Increasingly promising news of investment in cryptocurrency and blockchain technology is spreading throughout the traditional banking world, with this being one of many collaborations. There have also been rumours that Mastercard will hire new staff as part of their expanding interest in cryptocurrency over the coming years. Is this the first of many crypto collaborations for major companies? We will have to wait and see. 



Mastercard & Bakkt Partner to Accept Crypto

Crypto payment cards are on the way for the Asia Pacific region, thanks to partnerships involving Mastercard.

Mastercard has partnered with Amber, Bitkub and CoinJar, cryptocurrency service providers in Asia Pacific, to launch crypto-funded Mastercard payment cards. This will make it easier for consumers and corporates to spend cryptocurrency on physical or digital Mastercard payment cards

The agreements mean that, for the first time, consumers and businesses in the region can apply for crypto-linked Mastercard credit, debit or pre-paid cards. The cards allow them to instantly convert cryptocurrencies into fiat currency, which can be spent everywhere Mastercard is accepted.

## Mastercard Crypto Program

Mastercard’s partners are based in Thailand and Australia, offering cryptocurrency purchase and exchange services. The companies are the first APAC-based cryptocurrency platforms to join [Mastercard’s global Crypto Card Program](/news/article/mastercard-uk-hiring), designed to make it simpler and faster for crypto firms to bring secure, compliant payment cards to market.

Digital currencies are not currently widely accepted, so this crypto payment card converts the holder’s cryptocurrency to fiat, rather than transferring crypto to the merchant.

It will work online and offline, with currency always entering the Mastercard network as fiat currency.

Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows, Asia Pacific, Mastercard, said: ‘Cryptocurrencies are many things to people; an investment, a disruptive technology, or a unique financial tool.

‘As interest and attention surges from all quarters, their real-world applications are now emerging beyond the speculative. In collaboration with these partners that adhere to the same core principles that Mastercard does – that any digital currency must offer stability, regulatory compliance and consumer protection – Mastercard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay.’

Michael Wu, Founder and CEO of Amber Group, added: ‘Amber Group is committed to serving clients with best-in-class technology and innovative product offerings. By joining forces with Mastercard, we will leverage our combined technology, solutions, and expertise to offer users in applicable jurisdictions a more streamlined digital finance experience.’

## A Sophisticated Card Solution

Founder and Group CEO of Bitkub. Jirayut Srupsrisopa. said: ‘Thailand is one of the most crypto-oriented markets in Asia Pacific, and so turning that broad asset ownership into something which is usable in an everyday context is a major step forward for Bitkub and our customers.

‘To make this happen, we are very pleased to be connected to Mastercard via our valued payments partner 2C2P to create a sophisticated card solution that allows crypto users to make payments by converting cryptocurrency to traditional fiat currency. I believe that our strong partnership will accelerate consumers’ use of crypto as a means of commerce, making payments more efficient and facilitating new economic activity for businesses worldwide.’

CoinJar CEO. Asher Tan. concluded: ‘As one of the world’s longest-running crypto exchanges, we’re thrilled to partner with a global giant like Mastercard to make cryptocurrency more accessible and useful than it’s ever been before.’

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